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Act. no more excuses, impose a higher windfall tax. when chancellor rishi sunak introduced an extra went full tax on extraordinary profits on top of the tax oil and gas companies already pay. some say these profits are so excessive further taxes are now justified. companies like this do not always make this kind of money. there are lean periods as well. prices have already come down from their highs this year. shell has said it will invest £25 billions next year in low oi’ zero carbon energy. some feel more taxes could jeopardise that. a very cleverly designed windfall tax may help the gove...

Has now been sent to the eu and creditors. there's a whole lot riding on it. the greek government of prime minister sib practices has been working on this. there are late reports it includes 14 bill in tax cuts and returns in return for 5 billions in loans from the eu and others. the costers even bigger than the ones tsipras and the voters reject just a short time ago. the sweetener is that the eu, including even chance la merkel and other others, will make some kind of moves to reschedule ago even forgiving some of greece's massive debt. >> a heavy show of security but no need. the pro europe...

From soldiers. yet to be charged, family members are hopeful she will be freed soon. to business where wall street is looking to rally after a rare down day. all three indices fell yesterday. the dow tumbled more than 100 points, it was the worst one-day loss in nearly a month. let's check in with jeff cuttimore in london. if the u.s. economy does better it's bad for the markets because the federal reserve might pull back. it's strange what could be good for our economy might be bad for stokes. >> absolutely. we had a fed voting member talking about maybe, possibly, we're kind of open to the...

You could about the sequester. you can't sit back and say the president's proosal from two years ago we wash our hands of it and let your national defenses be gutted. >> chris: liz, it is interesting. with the fiscal cliff at the start of the year the president had all of the leverage because if congress did nothing everybody got a tax increase the rich as well as the middle class. do republicans have the leverage now you because if they he donning if congress does nothing than the $85 billions in automatic spending cuts kick in? >> that is what they are saying. i'm not entirely sure that that...

You could about the sequester. you can't sit back and say the president's proosal from two years ago we wash our hands of it and let your national defenses be gutted. >> chris: liz, it is interesting. with the fiscal cliff at the start of the year the president had all of the leverage because if congress did nothing everybody got a tax increase the rich as well as the middle class. do republicans have the leverage now you because if they he donning if congress does nothing than the $85 billions in automatic spending cuts kick in? >> that is what they are saying. i'm not entirely sure that that...